This is the only way to rein in local government investments.

He warned, though, against a simplistic approach to local government investment.

This is our first local government investment pool rating in Arizona.

Be a local government investment vehicle, or own one.

Federal funds, public-private partnerships and possibly local government investment could help fund the system, which is expected to take about a decade to build.

Indeed, some of the projects approved by the central government were part of local government investment plans.

It also looked at local government investment pools, which function like money market funds where states, cities, counties and school districts park their cash.

An acceleration of bond issuance by corporates and local government investment vehicles.

A more recent warning issued by some China bears is that of hidden debt risk among Chinese local government investment companies.

State and local government investment fell during the fourth quarter, with yawning deficits pinching budgets.

Rate hikes are politically fraught because they would raise costs for state companies and heavily indebted local government investment agencies.

“We believe the silent message to the banks is: developers and local government investment vehicles will be looking to borrow, so support them.”

And the cash calls are lining up, even as Beijing tries to limit new lending to the property market and local government investment vehicles.

WMPs are often in turn invested in real estate or the riskier local government investment projects.

Although leveraging was a stated principle of local government investment policy, no particular relationship could be established between government 'seed funding' and private investment.

The Washington State Treasurer is responsible for managing the state's cash assets and local government investments which, as of 2008, totaled $11 billion.

He also serves as an advisory Board member to LOGIC, another local government investment pool.

Forgive us if we appear cynical, but it may be useful to describe this whole [Local Government Investment] process as a game.

Local government investment vehicles will need financing, projects will need to be restarted, and the banks are still the only real source of financing.

Zhiwei thinks the road, subway and infrastructure announcements at the central government level could also make the numerous local government investment plans more solid:

So far, there is no evidence that the growth momentum that has been primarily driven by local government investment projects has spilled over to other sectors.

State and local government investment in construction projects fell 0.9 percent in January, down for a seventh straight month, after declining 0.6 percent in December.

It could issue government bonds or launch a bail-out of banks and local government investment companies, possibly using some of its $3,200bn in foreign exchange reserves.

Green cites a slow and patchy real estate recovery and pressure on local government investment vehicle cash flows, plus slow land sales outside big cities.

The Local Government Investment Pool was established in 1982 as a low-cost money market fund for school districts, local governments and other investors.